Philips significantly strengthened its presence in two key emerging markets through the acquisition of Brasilian patient monitoring an critical care company Dixtal Biomedica e Tecnologia and Chinese patient monitoring company Shenzhen Goldway Industrial. This represents a further step towards the creation of a low-cost global supply base for value-segment products. "Our Healthcare sector posted strong results in Home Healthcare Solutions, Patient Monitoring and Clinical Care Systems. Imaging Systems posted lower results but continued to increase its order book backlog, with a better product mix, which gives us confidence for the full year. The execution of our plans kept us well on track with regard to the implementation of our Vision 2010 strategy and ambition," mentioned Gerard Kleisterlee, President and CEO of Royal Philips Electronics.
Financial Performance
Equipment order intake grew 4% on a currency-comparable basis, further strengthening the order book backlog. Strong growth was seen at Patient Monitoring and Clinical Care Systems, while Imaging Systems showed modest growth.
Sales grew by 11% nominally, driven by strong performance of Respironics acquisition. Sales growth was 3% on a comparable basis, driven by solid growth at Customers Services, Home Healthcare Solutions, Clinical Care Systems and Patient Monitoring.
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About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in healthcare, lighting and consumer lifestyle, delivering people-centric, innovative products, services and solutions through the brand promise of "sense and simplicity". Headquartered in the Netherlands, Philips employs approximately 134,200 employees in more than 60 countries worldwide. With sales of $42.5 billion (EUR 27 billion) in 2007, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, as well as lifestyle solutions for personal wellbeing. News from Philips is located at www.philips.com/newscenter.